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Stock Market & Financial Investment News

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May 29, 2014
08:06 EDTPRPHProPhase Labs establishes 3M share equity line
ProPhase Labs announced today that on May 28, 2014, it has entered into a new Investment Agreement with Dutchess Opportunity Fund, II, LP, a Delaware limited partnership. Pursuant to the Investment Agreement, Dutchess committed to purchase, subject to certain restrictions and conditions, up to 3,000,000 shares of the Company's common stock, over a period of 36 months from the effectiveness of the registration statement registering the resale of shares purchased by Dutchess pursuant to the Investment Agreement. In connection with the Investment Agreement, the Company terminated its prior existing equity line of credit with Dutchess.
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